REI Lense

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$2,362 (target)

5700 Harris Ave, Millville, NJ 08332

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $76,461 initial cash invested.

-12.63%

Cash On Cash

4.16%

Cap Rate

0.65

DSCR

$2,362

Rent

-$805

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,362 income − $3,167 expenses = $805 out of pocket

Income$2,362Out of Pocket$805Mortgage P&I$1,94882%Property Taxes$44419%Insurance$1617%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,362

Total Expenses

$3,167

Mortgage P&I

82%

$1,948

Property Taxes

19%

$444

Home Insurance

7%

$161

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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